- The National Stock Exchange of India is filing an IPO, with Morgan Stanley acting as the book-running lead manager.
- NSE is conducting a mega IPO via OFS, with GIC and SBI selling stakes, and SEBI reviewing the filing.
State Bank of India, General Insurance Corporation of India, and Bank of Baroda are selling shares in an NSE IPO.
5 reports, 4 independent
Updated Sep 15
Gone quiet
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- 5
- Developments
- 4
- Repetition
- 40%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
State Bank of India, General Insurance Corporation of India, and Bank of Baroda are selling shares in an NSE IPO.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.LIC and Mauritius entities are confirmed as participants in the NSE IPO alongside SBI, BoB, and GIC.1 source
The NSE IPO continues with SBI, GIC, and BoB selling shares, alongside new details on Mauritius and SC rulings.1 source
- SBI Capital Markets will jointly offer shares in the NSE IPO, leveraging State Bank of India's parent status.Sub-event
Bank of Baroda joins SBI and GIC in selling shares during the NSE IPO.1 source
Keep exploring
Part of
NSE is conducting a mega IPO via OFS, with GIC and SBI selling stakes, and SEBI reviewing the filing.Also in this story
- The National Stock Exchange (NSE) is the country's largest stock exchange, and currently, Mauritian entities are involved in the IPO as selling shareholders.
- GIC contributed to market divestment and Bank of Baroda participated in a market debut in India.
- Life Insurance Corporation of India remains NSE's largest shareholder while planning to divest shares in the ongoing NSE IPO.
- State-owned insurers General Insurance Corporation of India and New India Assurance Company Ltd are participating in the NSE IPO.
The entities involved
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State Bank of India
Indian public sector bank and financial services organization
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General Insurance Corporation of India
reinsurance company in the Indian insurance market
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Bank of Baroda
Indian public sector multinational banking company
- Indian markets saw significant losses for Adani Enterprises, Bank of Baroda, Ambuja Cements, and HUL as global cues and Fed rate-hike bets weighed on the market.
- Tensions in West Asia are causing disruptions to global energy supply chains, leading to reports from Bank of Baroda on Indian economic indicators.
Related events
- State Bank of India is selling and holding shares in the NSE IPO, involving Mauritius.
- Bank of Baroda and The New India Assurance Company plan to divest their shares in the National Stock Exchange of India.
- State Bank of India is suggesting Hyderabad and Kolkata as posting locations and requiring IIBF certification for applicants.
- State Bank of India is selling a 1% stake in the NSE through sovereign wealth fund bids, utilizing pension and mutual funds.
- HDFC AMC and State Bank of India are involved in the mutual fund asset management space, promoting SBI Funds Management as the largest asset manager.